WazirX Completes Asset Rebalancing, Distribution Set to Begin Post User Approval
According to the company, the distribution process will commence within 10 business days after the scheme becomes effective, subject to court timelines.
Crypto
Bybit Registers with India’s FIU After Settling $1 Million Non-Compliance Penalty
Cryptocurrency exchange Bybit is set to resume its operations in India after successfully registering with the country’s Financial Intelligence Unit
Why India Must Bring Crypto Regulations Without Delay
In the heart of India’s bustling digital economy, a quiet revolution is underway. Cryptocurrencies, once dismissed as a speculative fad,
The Trump Effect: A New Dawn for the Crypto Market?
Trump’s relationship with cryptocurrency has been, at best, frosty. In 2019, he tweeted, “I am not a fan of Bitcoin and other Cryptocurrencies,” citing concerns over volatility, potential for criminal use, and lack of intrinsic value. His administration’s Treasury Department, led by Steven Mnuchin, proposed stricter regulations on crypto transactions, including enhanced reporting requirements for wallets. While these measures were framed as a way to combat illicit activity, critics argued they would stifle innovation and overburden legitimate businesses.
WazirX freezes first tranche of stolen funds, approximately worth $3M USDT
Abiding by their efforts of recovery of Stolen Assets while the platform goes through restructuring proceedings, Zettai has been working in partnership with law enforcement agencies, forensic experts, investigating authorities as well as legal experts to trace and retrieve stolen assets while charting the best course of action for all of the Platform’s affected users, the company said.
